Open Demo Account
Home / Market Update / Merkel Proposes Return to Balanced Budget in 2022

Merkel Proposes Return to Balanced Budget in 2022

M. Ali 9 October, 2020 12:00 am Market Update

Germany needs to return to a balanced budget starting from 2022, Chancellor Angela Merkel said on Thursday, Reuters reported.

This comes after the German government registered a record level of borrowing due to the COVID-19 pandemic, at around EUR 218 billion.

The government also plans more than EUR 96 billion debt in 2021.

Tags

Check Also

BoE’s Breeden: Some evidence of activity weakening, but we expect it to pick up again

Bank of England (BoE) Monetary Policy Committee (MPC) member and Deputy Governor for Financial Stability …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends